Looking to diversify beyond CTAP? The ETFs below have the lowest correlation with CTAP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CTAP.
Best Diversifiers for CTAP
1919 ETFs have low correlation with CTAP (below 0.3), 243 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of -0.18, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | -0.18 | -0.18 | -0.18 | 73 | Government Bonds, Short-Term Bond | CTAP vs SHY | |
| US Treasury 6 Month Bill ETF | -0.17 | -0.17 | -0.17 | 100 | Ultrashort Bond | CTAP vs XBIL | |
| Franklin Short Duration U.S. Government ETF | -0.17 | -0.17 | -0.17 | 94 | Mortgage Backed Securities | CTAP vs FTSD | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.16 | -0.16 | -0.16 | 55 | Short-Term Bond | CTAP vs BSV | |
| Global X Short-Term Treasury Ladder ETF | -0.16 | -0.16 | -0.16 | 75 | Government Bonds, Short-Term Bond | CTAP vs SLDR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTAP and solid risk/return profiles. The least correlated is Cohen & Steers Quality Income Realty Fund (RQI) (Financial Services) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund | 0.08 | 0.08 | 0.08 | 59 | Financial Services |
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